Who this is for
- Brand identity and naming studios
- Graphic design and layout agencies
- UX/UI and product design studios
- Creative concept / campaign shops
Typical income models
- Fixed-fee brand and design projects
- Retainers for ongoing design support
- Workshops, discovery and sprint fees
- Licensing income from IP and templates
Common allowable expenses
- Adobe Creative Cloud, Figma, Sketch and other design software
- Hardware – Macs/PCs, tablets, pens, monitors and calibration
- Fonts, stock imagery, icon sets and templates
- Freelancers – illustrators, motion designers, photographers
- Printing and proofing costs, prototypes and mock-ups
- Studio / co-working rent, utilities and broadband
- Books, courses and events directly related to design
- Professional indemnity insurance and memberships
What we need from you
- Business bank statements and any card/finance accounts
- List of key projects with fees and stages (a simple spreadsheet is fine)
- Sales invoices and credit notes
- Purchase invoices for software, freelancers, printing and kit
- Payroll reports if you employ staff
We then reconcile income and costs, calculate corporation tax and file your accounts and CT600.